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Author: 30 Academic Research Leading universities in committee Cambridge University is current chair Research to bolster the investment case Average of 5 projects per annum focusing on: Performance Allocations Correlations Full academic reports and executive summaries published – hits a broad audience EPRA research compendium is home for all reports

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Author: 31 Correlation declines with equities and increases with direct real estate Correlation with stocks declines as investment horizon increases Potential for strategic investors: Good diversification with allocation to listed real estate in the long run Sources: IPD, Bloomberg, EPRA Data as of: 31/12/2013